Details, Explanation and Meaning About Braess' paradox

Braess' paradox Guide, Meaning , Facts, Information and Description

Braess' paradox, due to the mathematician Dietrich Braess, states that sometimes adding extra capacity to a network can reduce overall performance. This is because the equilibrium of such as system is not necessarily optimal.

According to A. D. Irvine, Braess' paradox can be shown to be equivalent to Newcomb's problem.

References

  • D. Braess, Über ein Paradoxon aus der Verkehrsplanung. Unternehmensforschung 12, 258 - 268 (1969)
  • A. D. Irvine. How Braess' Paradox Solves Newcomb's Problem. International Studies in Philosophy of Science, Vol. 7 (1993), no. 2, 145-164.

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